Top cryptocurrency prices today: Bitcoin, Ethereum, Solana, Avalanche zoom up to 11%
All of the top digital tokens were trading higher in early trade on Tuesday, led by NFTs and DeFi tokens. Solana and Avalanche rose 11 per cent each. The global crypto market cap jumped as much as 5 per cent to hit the $1.95 trillion mark. Furthermore, the total crypto market volume rallied about 16 per cent to $72.23 billion.
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A statue honouring mysterious Bitcoin founder Satoshi Nakamoto was unveiled in a business park near the Danube River in the Hungarian capital Budapest
View Details »What's Cooking in IndiaFinance Minister Nirmala Sitharaman said discussions with regard to private cryptocurrencies and central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations. Sitharaman, in her Budget speech on February 1, had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year. Meanwhile, Reserve Bank of India (RBI) deputy governor T Rabi Sankar on Monday said that banning private cryptocurrencies is the best option for the country, reiterating its tough stand on the asset class. Sankar, speaking at the IBA Banking Technology Awards, told bankers that even the notorious early-20th century Ponzi schemes were better as the Ponzi plans invested in income-earning assets while cryptos are just gambling instruments.Expert TakeThe global crypto market cap and trading volume rose in the past 24 hours, said Edul Patel, Co-founder and CEO, Mudrex. "Bitcoin and Ethereum are trading higher. According to the market cap, the top alternative coins are also running in the green. The ongoing tensions between Russia and Ukraine is affecting the market sentiment, causing highs and
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